ENA Economy 2025-09-03 17:14:32 <p><span style="font-size:14px"><strong>New Delhi, Sep 3 (KNN)</strong> Union Minister of Commerce and Industry Piyush Goyal addressed the 21st Annual Global Investor Conference 2025, emphasising India's capacity to transform difficult situations into growth opportunities. </span></p> <p><span style="font-size:14px">On international trade, the minister referenced completed Free Trade Agreements with Mauritius, UAE, and Australia, alongside ongoing negotiations with the European Free Trade Association bloc, European Union, and United Kingdom. </span></p> <p><span style="font-size:14px">Goyal indicated that discussions with the EU are progressing, with senior delegations conducting mutual visits. </span></p> <p><span style="font-size:14px">He expressed optimism about concluding a bilateral trade agreement with the United States by November, following earlier discussions between the two nations' leadership.</span></p> <p><span style="font-size:14px">Upcoming GST 2.0 reforms, expected in forthcoming GST Council meetings, are projected to enhance consumer sentiment and simplify compliance procedures. </span></p> <p><span style="font-size:14px">The government has implemented significant reductions in corporate and personal tax rates, while the Reserve Bank of India reduced policy rates and Cash Reserve Ratio, maintaining inflation at 1.5 percent.</span></p> <p><span style="font-size:14px">Goyal reiterated India's commitment to Atmanirbhar Bharat, clarifying that the initiative focuses on building resilient supply chains rather than restricting international engagement. </span></p> <p><span style="font-size:14px">The government is promoting manufacturing in strategic sectors including drones, semiconductors, and CRGO steel, with increasing commitments from Indian industry and buyers toward domestic sourcing.</span></p> <p><span style="font-size:14px">The minister urged industry participants to support energy efficiency and renewable energy initiatives, citing LED bulbs and 5-star appliances as examples. </span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 43384 https://knnindia.co.in/news/newsdetails/economy/piyush-goyal-highlights-trade-progress-upcoming-gst-reforms-at-global-investor-conference-2025 2025-09-03 17:14:32 knnindia.co.in